National Utilities Invest in Renewable Energy

Country:

Korea

Year:

2005

Policy status:

Ended

Date Effective:

2005

Policy Type:

Policy Support

Policy Target:

Agency:

Ministry of Commerce, Industry and Energy (MOCIE)

Description:

Nine state-run Korean energy utilities and the federal government have pledged to invest in wind and solar power to reduce overall domestic emissions by 170 Kt per year before 2013. Such investment would expand the nations renewable energy generation capacity by 344 MW, or 21 percent of 2004 levels.